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Blackrock, Inc. (BLK) Tops Q1 EPS by 28c

April 17, 2014 6:38 AM EDT

Blackrock, Inc. (NYSE: BLK) reported Q1 EPS of $4.43, $0.28 better than the analyst estimate of $4.15. Revenue for the quarter came in at $2.67 billion versus the consensus estimate of $2.67 billion.

RESULTS BY CLIENT TYPE

(Dollar amounts in millions), (unaudited)

Q1 2014Net flows

March 31, 2014AUM

Q1 2014Base Fees(1)

March 31, 2014AUM% of Total

Q1 2014Base Fees(1)% of Total

Retail

$

14,002

$508,717 $785 12% 35%
iShares 7,759 930,380 765 23% 35%
Institutional:
Active (12,611) 939,654 455 23% 20%
Index 17,577 1,726,855 212 42% 10%
Total institutional 4,966 2,666,509 667 65% 30%
Total long-term $26,727 $4,105,606 $2,217 100% 100%

RESULTS BY PRODUCT

(Dollar amounts in millions),

(unaudited)

Q1 2014

Net flows

March 31, 2014

AUM

Q1 2014

Base Fees(1)

March 31, 2014

AUM

% of Total

Q1 2014

Base Fees(1)

% of Total

Equity $3,824 $2,347,934 $1,255 57% 57%
Fixed income 15,642 1,289,014 495 31% 22%
Multi-asset 4,989 353,231 286 9% 13%
Alternatives 2,272 115,427 181 3% 8%
Total long-term $26,727 $4,105,606 $2,217 100% 100%
(1) Base fees include investment advisory, administration fees and securities lending revenue.

For earnings history and earnings-related data on Blackrock, Inc. (BLK) click here.



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